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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Austin, Texas

Salary: $185K - $185K

The Permanent School Fund (PSF) was created by the Texas Constitution in 1845 as a perpetual fund to support Texas public schools, and in 1854 the Texas Legislature seeded the fund with $2 million.  The Texas Constitution of 1876 stipulated that certain lands and all proceeds from the sale or lease of these lands would comprise the PSF. In the mid-20th century, the US Supreme Court ruled that Texas owned the seabed extending three leagues (10.35 miles) from its coastline; these lands, and the royalty revenue generated from them, were added to the PSF. Details below.

TPSF – Real Assets Investment Officer (00041254) 

Organization

: Texas Permanent School Fund 

Primary Location

: Texas-Austin 

Work Locations

: 

Texas Permanent School Fund 
400 West 15th Street 
 Austin 78702


Job

: Business and Financial Operations 

Employee Status

: Regular 

Schedule

: Full-time Standard Hours Per Week: 40.00 

Travel

: Yes, 10 % of the Time 

State Job Code: 706U  
Salary Admin Plan: N/A 
Grade: 00  

Salary (Pay Basis)

: 185,000.00  185,000.00 (Yearly) 

Number of Openings

: 1 

Overtime Status

: Exempt 

Job Posting

: Apr 1, 2024, 6:54:20 PM 

Closing Date

: Ongoing 

Description

 About the Job
This position reports to the Senior Managing Director – Head of Real Assets. Assists in the management of a portfolio of private Real Assets (e.g., Natural Resources and Infrastructure) investments which are typically structured as private funds, co-investments and/or separately managed accounts.  Responsible for assisting in the oversight of private Real Assets portfolio external investment managers and supervising the Real Asset team’s investment analysts. Implements approved investment policies and programs. Coordinates ongoing investment manager relations and communications. Analyzes, monitors, and reports on current Real Assets investments. Assists in due diligence, evaluation, and recommendation of potential Real Assets investment opportunities.

About the Corporation
The Texas Permanent School Fund (PSF) was created by Texas’ first Constitution in 1845 as a perpetual fund to support the state’s public schools and was seeded with $2 million in 1854. Since that time, the PSF has grown to comprise over $52 billion in assets and will distribute nearly $2.2 billion annually to Texas K-12 schools.

Key Responsibilities Include the Following
•    Monitor and document performance of Real Asset investments.   Manage ongoing day-to-day oversight of external Real Assets investment managers and general partners, including investment analysis, communications, and knowledge transfer.

•    Conduct due diligence of Real Assets investments, involving investment manager communications, on-site interviews, document review, investment analytics, reporting, building financial spreadsheet models and other activities. Document and evaluate processes and conclusions.

•    Participate with legal counsel in the contract negotiation process of Real Asset investments.

•    Assist in the evaluation and monitoring of Real Assets asset allocation, sector and manager exposures, and compliance with applicable policies.

•    Participate in the evaluation and implementation of technology platforms and systems for investment due diligence, investment analysis, and performance measurement.

 

Qualifications

 Required Qualifications
•     Graduation from an accredited four-year college or university with degree in finance, accounting, economics, or related field.

•     A minimum of seven years Real Assets industry experience.

 

Preferred Qualifications
•     Graduation from an accredited post-graduate degree program.

•    Pursuit of Chartered Financial Analyst (CFA), Chartered Asset Allocator, or Chartered Alternative Investment Analyst (CAIA) designation.

•     Investment experience in Real Assets.

 

Knowledge/Skills/Abilities
•     Knowledge of Real Asset investments, including market strategies, industry participants, asset structures, and relevant indices/benchmarks.

•    Ability to execute all phases of investment process with Real Asset investments, including due diligence, monitoring, performance measurement, and closing transactions.

•    Knowledge of investment accounting and market operations; of investment research or investment banking; of statistical concepts and methods and their application to research analysis; of various financial data systems; and of macroeconomics.

•    Skill in mathematics and in the use of computer software programs, particularly Word, Excel, and PowerPoint.

•    Must have strong oral/written communication skills; ability to make public presentations.

•    Must have keen interpersonal skills, be results oriented and able to exhibit strong work habits.

•    Ability to act in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct.

•    Ability to manage a strong technical, functional, and strategic portfolio team.

•    Ability to apply financial research techniques and to conduct exhaustive searches and evaluations of large amounts of data utilizing the internet and other resources.

•    Must have the ability to prioritize the work, to be flexible, manage multiple projects and assignments with attention to details and to supervise the work of others.

•    Must demonstrate a high degree of integrity and the ability to recognize the requirements of confidentiality.

•    Must demonstrate initiative and ability to work in a fast-paced, changing environment.

•    Expected to be a team player, a self-starter, and an independent thinker.

 

We Offer
• State-paid health and life insurance plans.

• Optional benefits, such as dental, vision, short- and long-term disability insurance, 401K and 457 plans and much more.

• A retirement plan.

• Paid holidays, annual leave, and sick leave.

• Longevity pay.

The Texas Permanent School Fund is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity.